Group of Ministers (GoM) constituted on issues relating to lottery

Image
Capital Market
Last Updated : Jan 16 2019 | 7:04 PM IST

GoM for lottery shall submit its report to GST Council in next Meeting for consideration of the GST Council

In pursuance of decision in the 32nd Meeting of GST Council held on 10 January 2019 at New Delhi, a Group of Ministers (GoM) on issues relating to lottery has been constituted. Sudhir Mungantiwar, Finance Minister, Government of Maharashtra has been appointed as convener of GoM.

The members of the GoM are Dr. T.M. Thomas Isaac, Finance Minister, Government of Kerala, Dr. Amit Mitra, Finance Minister, Government of West Bengal, Dr. Himanta Biswa Sarma, Finance Minister, Government of Assam, Mauvin Godinho, Minister of Panchayat, Government of Goa, Manpreet Singh Badal, Finance Minister, Government of Punjab, Krishna Byre Gowda, Finance Minister, Government of Karnataka, Jarkar Gamlin, Minister, Taxes and Excise, Government of Arunachal Pradesh

The Terms of Reference (ToR) for the GoM for lottery shall be as follows:

* Whether the disparity in tax structure on the same product/commodity be continued or a uniform rate be prescribed for both;

* Whether private persons authorized by the States are misusing the lower rate and getting enriched themselves at the cost of the State and suggest measures to curb it;

* Examine any other issue related to enforcement including the legal frame work, so as to prevent evasion of tax on lottery and suggest appropriate tax rate to address the problem;

* The GoM on issues relating to lottery shall be assisted by a Committee of officers from the Centre and the States as convened by the GoM;

* Secretary of the GoM on issues relating to lottery shall be Manish Sinha, Joint Secretary (TRU-II), CBIC;

* The GoM for lottery shall submit its report to GST Council in next Meeting for consideration of the GST Council.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 16 2019 | 6:42 PM IST

Next Story